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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 19
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Book Description
A significant portion of vehicle expenses are fixed. This is economically inefficient and results in excessive automobile travel. Insurance premiums are particularly appropriate for converting to distance-based charges. Newly available data indicated that distance-based insurance is more actuarially accurate (i.e, prices more accurately reflect the insurance costs of each vehicle), and therefore more equitable and economically efficient than current pricing. By providing an incentive to reduce mileage, distance-based insurance reduces accidents, traffic congestion, pollution and facility costs, and increases insurance affordability and consumer welfare. Vehicle travel foregone consists of trips consumers willingly give up in exchange for financial savings. This paper evaluates different distance-based insurance pricing options. Per-mile premiums is found to provide the greatest net benefits. It requires odometer audits to provide accurate mileage data, which are estimated to have incremental costs averaging $7.50 per vehicle year. Total benefits are predicted to be many times greater than costs.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 19
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Book Description
A significant portion of vehicle expenses are fixed. This is economically inefficient and results in excessive automobile travel. Insurance premiums are particularly appropriate for converting to distance-based charges. Newly available data indicated that distance-based insurance is more actuarially accurate (i.e, prices more accurately reflect the insurance costs of each vehicle), and therefore more equitable and economically efficient than current pricing. By providing an incentive to reduce mileage, distance-based insurance reduces accidents, traffic congestion, pollution and facility costs, and increases insurance affordability and consumer welfare. Vehicle travel foregone consists of trips consumers willingly give up in exchange for financial savings. This paper evaluates different distance-based insurance pricing options. Per-mile premiums is found to provide the greatest net benefits. It requires odometer audits to provide accurate mileage data, which are estimated to have incremental costs averaging $7.50 per vehicle year. Total benefits are predicted to be many times greater than costs.
Author: Todd Litman
Publisher:
ISBN:
Category : Automobile insurance
Languages : en
Pages : 129
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Book Description
Vehicle insurance is a significant portion of total vehicle costs. A typical motorist spends nearly as much on insurance as on fuel. Insurance is generally considered a fixed cost with respect to vehicle use. A motorist who reduces mileage does not usually receive comparable insurance cost savings. Distance-based insurance converts insurance to a variable cost with respect to vehicle travel, so premiums are directly affected by annual mileage. The more you drive the more you pay, and the less you drive the more you save. Distance-based pricing makes vehicle insurance more actuarially accurate (premiums better reflect the claim costs of each vehicle), and can help reduce total insurance costs, vehicle crashes, traffic congestion, facility costs, energy consumption and environmental impacts. This report investigates the feasibility, benefits and costs of implementing distance-based motor vehicle insurance. It compares several distance-based insurance pricing options, and evaluates related concerns and criticisms. The analysis indicates that distance-based pricing is technically and economically feasible, and can provide significant benefits to motorists and society.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Distance based vehicle insurance (sometimes know as "Pay as you drive," "Pay by the mile" or "Pay per-km" insurance) has long been advocated by transportation planners as a transportation demand management (TDM) strategy. In addition to reducing congestion and greenhouse gas emissions, it also has the potential to meet a number of planning goals, such as health and equity improvements. Despite the wide interest in and predicted benefits of distance based insurance, there is little consensus on the detailed design of a system that could be implemented. Five main distance based pricing schemes have been proposed: a flat per-km rate, temporal or "time of day" pricing, road-type pricing, demographic pricing and "differential" pricing, which prices low mileages at a higher per-km rate. Each of these systems treats risk differently and thus results in different cross-subsidies between drivers. The proposal's design thus has implications for an insurance system's fairness and equity. This report examines the distribution of crash risk across time, across space, and across the different demographic groups. It then compares the current annual insurance system's treatment of risk with that of various proposals for distance based insurance. It evaluates each proposal, considering its treatment of risk and its potential for increasing fairness and equity of costs and of mobility. It also examines each proposal's other impacts, such as effectiveness in maintaining privacy and in reducing health impacts, greenhouse gas emissions and congestion. The recommended model is a flat per-km rate. Each driver would pay the same rate for every kilometer driven, regardless of time or place. However, individual drivers' per-km rates would vary, depending on current insurance rating factors, such as residential location, type of car and driving record.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Vehicle insurance is a significant portion of total vehicle costs. A typical motorist spends nearly as much on insurance as on fuel. Insurance is generally considered a fixed cost with respect to vehicle use. A motorist who reduces mileage does not usually receive comparable insurance cost savings. Distance-based insurance converts insurance to a variable cost with respect to vehicle travel, so premiums are directly affected by annual mileage. The more you drive the more you pay, and the less you drive the more you save. Distance-based pricing makes vehicle insurance more actuarially accurate (premiums better reflect the claim costs of each vehicle), and can help reduce total insurance costs, vehicle crashes, traffic congestion, facility costs, energy consumption and environmental impacts. This report investigates the feasibility, benefits and costs of implementing distance-based motor vehicle insurance. It compares several distance-based insurance pricing options, and evaluates related concerns and criticisms. The analysis indicates that distance-based pricing is technically and economically feasible, and can provide significant benefits to motorists and society.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 20
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Book Description
Author: United States. Congress. House. Committee on Transportation and Infrastructure. Subcommittee on Highways and Transit
Publisher:
ISBN:
Category : Technology & Engineering
Languages : en
Pages : 196
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Book Description
Author: James Stuart
Publisher: Liraz Publishing
ISBN: 1311956573
Category : House & Home
Languages : en
Pages : 21
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Book Description
Here's How to Discover the Best Auto Insurance Quotes: Now you can save hundreds of dollars each year on your Auto insurance premiums through the strategies revealed in this book. It will help you discover exactly which auto insurance companies provide the best rates in your area plus tips and techniques to lower your premiums and get discounts. With this book you can shave hundreds of dollars off your current car insurance costs. Here's what you’ll discover when you read this book: * The single most important factor in getting a cheap auto insurance quote; ignore it and your chances of getting a better rate are near to zero. * How to get car insurance discounts and concessions. * Clever ideas and strategies for lowering your auto insurance premium. * 101 Great Auto Insurance Tips and Ideas If you're really interested in slashing a big chunk off of your car insurance costs you absolutely need to have this book.
Author: Klaus Rennings
Publisher: Springer Science & Business Media
ISBN: 3642576699
Category : Political Science
Languages : en
Pages : 209
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Book Description
Fair and efficient pricing has become increasingly important in international environmental and transport policy. Thus the valuation and internalization of social costs is now a crucial element within strategies towards sustainable mobility. The book provides methods and results from major European and American studies evaluating both social costs of transport and first experiences with their internalization in different contexts: infrastructure planning, urban road pricing and highway tolling. Additionally, complementary non-monetary instruments for a transition towards sustainable mobility are presented and discussed.
Author: Carla Rowley
Publisher: Atlantic Publishing Company
ISBN: 1601380062
Category : Business & Economics
Languages : en
Pages : 290
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Book Description
Insurance takes a huge bite out of the average American's monthly budget, and as stated above, many Americans simply forgo insurance because they consider it out of reach. Shopping for insurance requires more effort than many people want to devote to it. They simply grab the first price they come across or accept routine rate increases when it is important to compare not only the price but also coverage and exclusions among carriers. In this easy to read and comprehensive new book you will learn hundreds of ways to secure and or reduce your health, automobile, life, and home insurance costs. If you do not have or cannot afford insurance, we will show you how to get it at a price you can afford. The Internet and technology have opened up a great new way to search for low cost insurance services; we will give you the Web sites, tell you what to look for and to look out for. There is a great deal you can do right now to cut insurance costs. For example, did you know that installing a theft tracking device in your car can save you up to 35% on your auto insurance and that your credit history can dramatically affect your auto insurance premium. Recent studies have shown that more than 90% of insurers use credit information to create an "insurance risk score," which they then use as a factor to determine your insurance rate. Add a simple home security system to monitor your home, and your insurance rates may be discounted up to 30%, depending upon where you live. Your insurance could end up costing you more if you choose to make monthly payments rather than pay the entire premium annually. Notify your agent if you retire, your children go to school, or you start working from home (when you're not traveling as much your rates will go down). Have you stopped smoking? Lost weight? Started exercising? All of these efforts can have a dramatic effect on your insurance rates. Insurance topics covered in this book are How Insurance Works, Insurance Company Rating, National and Local Firms, Auto, Health, and Disability Insurance, along with work sheets and forms to assist you in your search for the best coverage at the lowest price. Atlantic Publishing is a small, independent publishing company based in Ocala, Florida. Founded over twenty years ago in the company presidentâe(tm)s garage, Atlantic Publishing has grown to become a renowned resource for non-fiction books. Today, over 450 titles are in print covering subjects such as small business, healthy living, management, finance, careers, and real estate. Atlantic Publishing prides itself on producing award winning, high-quality manuals that give readers up-to-date, pertinent information, real-world examples, and case studies with expert advice. Every book has resources, contact information, and web sites of the products or companies discussed.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264175512
Category :
Languages : en
Pages : 195
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Book Description
This report provides case studies and examples that demonstrate successful approaches to grappling with gridlock around the globe.
